THE “money lock” feature offered by local banks – which lets customers set aside funds so they cannot be transferred – has been activated on about 38,000 accounts in Singapore, with over $3.2 billion ...
Singapore stocks fall amid caution ahead of US inflation report, STI down 0.6%
Singapore Airlines jumped 1.7 per cent to $6.54. CGS-CIMB Research upgraded the stock from “reduce” to “add”, citing re-rating catalysts from strong passenger demand and rising cargo yields amid ...
Standard Chartered brings in former HSBC trade head Ng
Standard Chartered has appointed former HSBC trade head Alan Ng as executive director and head of trade for business banking, based in Singapore. Ng joins after more than 15 years at HSBC, most ...
Should investors invest into these STI-tracked ETFs? PhillipCapital takes a closer look
The team estimates that the implied value for Nikko AM Singapore STI ETF is $3.69 and $3.73 for the SPDR Straits Times Index ETF.
MAS to review extension of brief ban on non-bank, non-card remittances to China
MAS will decide before end March whether to extend the suspension beyond March 31. Read more at straitstimes.com.
Singapore Asks China For Information on Frozen Remittances
Read More: Singapore Regulator Halts Some Remittance Routes to China Singapore’s regulator last month ordered remittance companies in the city-state to halt the use of non-bank and non-card channels ...
OCBC prices $450 mil perpetual capital securities first callable in 2029
Oversea-Chinese Banking Corporation (OCBC) has priced $450 million worth of perpetual capital securities under its US$30 billion ($39.95 billion) global medium term note programme.
Singapore shares decline at Wednesday’s open; STI down 0.4%
SINGAPORE stocks opened weaker on Wednesday (Jan 10) following overnight losses on Wall Street, as weak US trade data weighed on investor sentiment. Read more at The Business Times.
OCBC prices S$450 million in 4.05% perpetual capital securities, first callable in 2029
OCBC has priced S$450 million in perpetual capital securities at 4.05 per cent under its US$30 billion global medium-term note programme. Read more at The Business Times.
Share Prices of These 5 Singapore REITs Increased in 2023: Can Their Run Continue?
thereby mitigating a sharp rise in finance costs for 2024. Frasers Centrepoint Trust, or FCT, is a retail REIT with a portfolio of nine suburban retail malls and an office building in Singapore. FCT’s ...
Singapore stock market positive upswing on Tuesday’s open
SINGAPORE: The Singapore stock market experienced a positive upswing on Tuesday, Jun 9, benefitting from the overnight gains seen in global equity markets, The Business Times reports. The Straits ...
Non-SimplyGo EZ-Link, NETS FlashPay cards not valid for public transport from June
SINGAPORE: Non-SimplyGo EZ-Link adult cards and NETS FlashPay cards can no longer be used to pay public transport fares from Jun 1, the Land Transport Authority (LTA) announced on Tuesday (Jan 9). The ...
Lazada layoffs put spotlight on potential IPO, growing competition in South-east Asia
Potential investors would want to put money in a company where the cash burn is under control. Read more at straitstimes.com.
Great Eastern, OCBC employees help elderly woman avoid S$250,000 scam
SINGAPORE: An elderly woman avoided being cheated of more than S$250,000, thanks to an alert Great Eastern customer service officer and OCBC employees. On Dec 2, 2023, a scammer impersonating a ...
Potential ‘designated entities’ under Singapore’s Significant Investments Review law have already been contacted
Find out more about subscription packages here. ALL entities being considered for designation under Singapore’s proposed Significant Investments Review Bill have already been contacted by the ...
Things about Asia’s markets you might not have known
HSBC Global Research recently revealed lesser known facts about Asian stock markets in 2023, and CNBC picked out three.